Delmas Senior Living Project is Squarely in San Jose OZ

SAN JOSE—Late last week, Urban Catalyst, an Opportunity Zone fund focused on ground-up development projects in Silicon Valley, filed a conditional and special use permit for a senior living project, Delmas, in the downtown San Jose Opportunity Zone. This is its fourth project submittal in less than a week.

“With the aging Baby Boomer population, downtown San Jose needs this type of facility so our elderly residents can age gracefully,” Erik Hayden, founder of Urban Catalyst, tells GlobeSt.com. “Delmas is the first senior housing project that incorporates assisted living and memory care to be built in the downtown corridor in more than 35 years. We’re forging ahead on schedule, along with three other projects we announced last week, and we don’t intend to slow down.”